Failed businesses can yield rewards. Hedge funds that ran Debenhams look to have recovered most of their costs while the retailer’s administrators have clocked up £5.3 million in fees in the two years since bankruptcy.
Boohoo is continuing its mission to empower young men and women. So the global fashion has launched a new campaign for Mental Health Awareness Week in collaboration with neuropsychologist The Brain Coach.
There was good news and bad in Boohoo’s final results for the year to February, but much of the bad news had been flagged in advance and the firm said the pain it's feeling now should be balanced by future growth.
Rental platform Hirestreet is adding new brands to its offer at pace at the moment and has announced the arrival of Oasis. It's offering a new-season occasionwear, workwear and holiday outfit selection in size 6-18.
ASOS on Tuesday said it’s still seeing rising sales, while it made a profit in line with guidance. But the figures were muted and it warned that the external environment is riskier than usual at present.
Booming online shopping, with the addition of Covid and Brexit, means demand for UK warehousing and transport systems has increased by 88% over the past decade and is 21% higher than in 2019, a new report claims.
Boohoo has opened its first UK garment factory, with the retailer saying its new “centre of excellence” underpins the company’s commitment to Leicester’s “great future” as the hub of the domestic textiles industry.